Tata AIA Life Insurance (Tata AIA), one of India’s leading life insurers, has launched the Tata AIA Rising India Fund, a Fund that opens a unique avenue for consumers to participate in India’s growth story.
The New Fund Offering (NFO) will remain open until March 31, 2024, with units being offered at an NAV of Rs. 10 per unit during the NFO period. The Rising India Fund will invest in infrastructure, manufacturing, banking, digital, defense, etc.
Samit Upadhyay President – CFO & Head of Products and Propositions of Tata AIA said, policyholders can invest in this fund through multiple products and this offers consumers the unique opportunity to benefit from the long-term growth potential of equity while securing their loved ones with the protection of a life insurance cover.
On the NFO launch, Harshad Patil, Executive Vice President, and Chief Investment Officer (CIO) of Tata AIA said, “through this new fund, we would like to offer our consumers an avenue to participate in and benefit from this incredible journey. Our consumers have always benefited from the long-term growth potential of the Indian equity market by investing in the ULIP funds that Tata AIA offers.”
Harshad Pati, Executive Vice President, and Chief Investment Officer (CIO) of Tata AIA, and Samit Upadhyay, President – CFO & Head of Products and Propositions of Tata AIA, said, “At Tata AIA, we are committed to crafting innovative insurance solutions that cater to diverse requirements of consumers including financial security, wealth creation as well as health & wellness. The New Fund Offer, Tata AIA Rising India fund, can be availed along with our unique Param Rakshak (PR) series, featuring Pro-Fit, Param Rakshak solution, Param Rakshak Plus solution, etc.”
